Wells Fargo & Company started coverage on shares of Five Below, Inc. (NASDAQ:FIVE) in a research report report published on Friday, November 3rd, Marketbeat.com reports. The brokerage issued an outperform rating and a $65.00 price objective on the specialty retailer’s stock.
A number of other analysts have also recently commented on the stock. Deutsche Bank AG restated a hold rating and set a $54.00 price objective (up from $53.00) on shares of Five Below in a research note on Thursday, August 31st. Royal Bank Of Canada lifted their price objective on shares of Five Below from $56.00 to $57.00 and gave the company an outperform rating in a research note on Thursday, August 31st. UBS AG cut shares of Five Below from a buy rating to a neutral rating and decreased their price objective for the company from $59.00 to $52.00 in a research note on Monday, July 10th. Zacks Investment Research upgraded shares of Five Below from a hold rating to a buy rating and set a $55.00 price objective for the company in a research note on Thursday, September 7th. Finally, BidaskClub lowered shares of Five Below from a buy rating to a hold rating in a report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Five Below currently has an average rating of Buy and an average price target of $55.66.
Five Below (NASDAQ:FIVE) traded up $0.50 during midday trading on Friday, reaching $58.03. 784,700 shares of the company’s stock were exchanged, compared to its average volume of 1,084,608. Five Below has a 1-year low of $36.90 and a 1-year high of $58.56. The stock has a market cap of $3,175.64, a P/E ratio of 39.68, a price-to-earnings-growth ratio of 1.21 and a beta of 0.80.
Five Below (NASDAQ:FIVE) last released its quarterly earnings results on Wednesday, August 30th. The specialty retailer reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. The business had revenue of $283.30 million for the quarter, compared to analysts’ expectations of $276.37 million. Five Below had a net margin of 7.29% and a return on equity of 24.37%. The company’s revenue was up 28.7% compared to the same quarter last year. During the same period last year, the business earned $0.18 EPS. analysts expect that Five Below will post 1.66 earnings per share for the current year.
In other news, insider Thomas Vellios sold 142,573 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $55.13, for a total transaction of $7,860,049.49. Following the transaction, the insider now owns 757,823 shares of the company’s stock, valued at approximately $41,778,781.99. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 2.92% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of FIVE. BlackRock Inc. lifted its position in Five Below by 27,003.0% in the first quarter. BlackRock Inc. now owns 6,826,168 shares of the specialty retailer’s stock valued at $295,641,000 after buying an additional 6,800,982 shares during the last quarter. Jennison Associates LLC lifted its position in Five Below by 24.1% in the third quarter. Jennison Associates LLC now owns 2,124,055 shares of the specialty retailer’s stock valued at $116,568,000 after buying an additional 412,641 shares during the last quarter. FMR LLC lifted its position in Five Below by 111.2% in the first quarter. FMR LLC now owns 715,096 shares of the specialty retailer’s stock valued at $30,970,000 after buying an additional 376,527 shares during the last quarter. Vanguard Group Inc. lifted its position in Five Below by 5.1% in the first quarter. Vanguard Group Inc. now owns 4,811,926 shares of the specialty retailer’s stock valued at $208,404,000 after buying an additional 235,589 shares during the last quarter. Finally, Macquarie Group Ltd. lifted its position in Five Below by 42.2% in the second quarter. Macquarie Group Ltd. now owns 776,034 shares of the specialty retailer’s stock valued at $38,313,000 after buying an additional 230,191 shares during the last quarter.
About Five Below
Five Below, Inc is a specialty retailer offering a range of merchandise for teen and pre-teen customer. The Company offers an assortment of products, including select brands and licensed merchandise across a range of categories, including Style, Room, Sports, Tech, Crafts, Party, Candy and Now. Its product groups include leisure, fashion and home, and party and snack.
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